Moreover, the social factors influence consumers buying behavior and lifestyle. Technological factors are the major factors for this industry as it is highly depending on innovative technology and knowledge-based. Technological changes have contributed much more on industry's growth. Toyota's strengths are its global brand name, economies of scale, and highly skilled engineers...
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Technological changes have contributed much more on industry's growth. Toyota's strengths are its global brand name, economies of scale, and highly skilled engineers. On the other hand, depending on USA market for total sales and less market shares on other market create weaknesses for Toyota. Moreover, currency fluctuations can be a great threat to earnings and revenues for Toyota...
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